Willowbrook, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Willowbrook Neighborhoods Since 2000




Willowbrook, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Willowbrook Housing Market Information

With 8,613 people, 3,932 houses or apartments, and a median cost of homes of $238,708, Willowbrook real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Willowbrook, accounting for 47.57% of the village's housing units. Other types of housing that are prevalent in Willowbrook include single-family detached homes ( 29.84%), duplexes, homes converted to apartments or other small apartment buildings ( 14.12%), and a few row houses and other attached homes ( 8.47%). Villages that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of villages are often walkable and compact, and often have a lively downtown.

Dwellings in Willowbrook tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 59.54% of the homes in Willowbrook have two or fewer bedrooms.

There is a lot of housing in Willowbrook built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Willowbrook built between 1940-1969 ( 15.89%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.34%).

Willowbrook Home Appreciation Rates

Homes have actually lost value in Willowbrook over the last then years, as home values have seen a decline of 20.25% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Willowbrook home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Over the last year, Willowbrook appreciation rates have trailed the rest of the nation. In the last twelve months, Willowbrook's appreciation rate has been 1.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Willowbrook were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Willowbrook's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$238,708

Willowbrook, IL HOME PRICES

Value Range
> $1,073,000 4.9
$805,001 - $1,073,000 2.8
$537,001 - $805,000 11.8
$430,001 - $537,000 12.9
$322,001 - $430,000 12.3
$215,001 - $322,000 19.6
$107,001 - $215,000 24.6
$54,001 - $107,000 7.4
$0 - $54,000 3.7

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
24.329075354506 16.7088607594937

Number Of Homes And Apartments:
3,932

Willowbrook Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
19.61% 1.04% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,361 / per month

Homeownership Rate

Homeownership
Owners 70.77
Renters 29.23
Vacant 7.18

Housing Market Details

 

Age of Homes

AGE OF Willowbrook HOMES
2000 or Newer 4.3
1970 - 1999 79.2
1940 - 1969 15.9
1939 or Older 0.5

Types of Homes

TYPE OF Willowbrook HOMES
Single-Family 29.8
Townhomes 8.5
Small Apt. Buildings 14.1
Apt. Complexes 47.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Willowbrook HOMES
No Bedroom 0.26
1 Bedroom 16.60
2 Bedrooms 42.68
3 Bedrooms 24.98
4 Bedrooms 12.18
5 or more bedrooms 3.31